Forbes Conference

This was a pleasant surprise from Rich Karlgaard at the Forbes conference:

Barry Ritholtz, CEO and director of Equity Research, Fusion IQ: The surprise for me on this cruise has been Barry Ritholtz. Two things you probably know about Ritholtz if you follow his blog or see him on TV: He’s outspoken and salty. He is an equal opportunity critic of stupidity, first having bashed the Bush administration for its deficits and stupid cabinet appointments, and now as an enemy of Obamanomics. That much you know. What you may not know is that Ritholtz is a congenial storyteller and fun to hang with. He’s a great speaker, too. A physics major and law school grad, his entire approach to investing is fact- and evidence-based. Ritholtz is a rollicking debunker of market shibboleths. Do stocks reliably forecast the real economy? “Bull****. There is no consistent correlation,” says Ritholtz. Where are stocks headed from here? “The data and historical trends suggest the 2009 bull rally is about 75% played out. After that, the market will roll over and saw-tooth sideways for a few years.”

Nice!

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Source:
Report From The Latest Forbes Investor Cruise
December 4th, 2009
http://blogs.forbes.com/digitalrules/2009/12/report-from-the-latest-forbes-investor-cruise/

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